Report: General Growth Forming New REIT
advertisement Chicago-based General Growth Properties
(GGP), once considered one of the dominant owners of regional malls in
the country, is now aiming to form a new real estate investment trust
(REIT) with 35 properties it owns, according to a new report from
Reuters. Such a move would trim GGP’s holdings exclusively to regional
malls. The report, citing two unnamed sources, notes that the new REIT
would include neighborhood strip shopping centers, office properties
and weaker regional malls that the company had planned to sell or
return to lenders, the sources said.Article Tools
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